Timber Hill LLC bought a new position in shares of Robert Half International Inc. (NYSE:RHI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 39,550 shares of the business services provider’s stock, valued at approximately $2,197,000.
Other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new stake in shares of Robert Half International during the 4th quarter worth about $101,000. Fuller & Thaler Asset Management Inc. increased its position in shares of Robert Half International by 405.1% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,995 shares of the business services provider’s stock worth $100,000 after purchasing an additional 1,600 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Robert Half International during the 4th quarter worth about $138,000. Bremer Trust National Association acquired a new stake in shares of Robert Half International during the 3rd quarter worth about $205,000. Finally, Smithfield Trust Co. acquired a new stake in shares of Robert Half International during the 3rd quarter worth about $206,000. Institutional investors and hedge funds own 83.44% of the company’s stock.
A number of brokerages recently issued reports on RHI. Robert W. Baird reiterated a “buy” rating and set a $67.00 target price on shares of Robert Half International in a research report on Wednesday, January 31st. SunTrust Banks increased their target price on shares of Robert Half International to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Barclays increased their target price on shares of Robert Half International from $60.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Royal Bank of Canada increased their target price on shares of Robert Half International to $62.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Finally, BMO Capital Markets increased their target price on shares of Robert Half International from $53.00 to $58.00 and gave the stock a “market perform” rating in a research report on Friday, December 29th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $57.22.
Robert Half International (NYSE:RHI) last issued its quarterly earnings data on Tuesday, January 30th. The business services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Robert Half International had a net margin of 5.52% and a return on equity of 29.31%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The company’s revenue was up 6.4% on a year-over-year basis. equities analysts anticipate that Robert Half International Inc. will post 3.23 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, February 22nd. This represents a $1.12 dividend on an annualized basis and a yield of 1.99%. This is a positive change from Robert Half International’s previous quarterly dividend of $0.24. Robert Half International’s dividend payout ratio is currently 41.38%.
Robert Half International announced that its Board of Directors has approved a share repurchase program on Tuesday, February 13th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
In other Robert Half International news, insider Robert W. Glass sold 12,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $56.21, for a total transaction of $674,520.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Paul F. Gentzkow sold 130,247 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $56.31, for a total transaction of $7,334,208.57. Following the sale, the chief operating officer now directly owns 499,733 shares in the company, valued at approximately $28,139,965.23. The disclosure for this sale can be found here. In the last three months, insiders have sold 347,247 shares of company stock worth $19,552,279. Insiders own 3.40% of the company’s stock.
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Robert Half International Company Profile
Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.
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